User Account

All Pages

What should be the depreciation expense in the first year

Assignment Help Accounting Basics
Reference no: EM133080234

Question - Gigler Co. uses double declining depreciation method. Gigler purchased a machine on January 1, 2011 at $12,000, and estimated that the useful life is 3 years with a salvage value of $3,000. What should be the depreciation expense in the first year (year 2011)?

Reference no: EM133080234

Questions Cloud

What is the project operating cash flow for the first year : Operating costs (not including depreciation) $10 million. The company faces a 25% tax rate. What is the project's operating cash flow for the first year (t = 1)
Real gdp and real gdp per capita : Explain the differences between Real GDP and Real GDP per capita. In your opinion which is a more accurate measure of standard of living, why?
International trade and labor and environmental standards : Why is International Trade and Labor and Environmental Standards very prominent nowadays?
Identity communication methods : Identity some communication methods that might be appropriate in Jennifer's situation and tell why you selection them?
What should be the depreciation expense in the first year : Gigler purchased a machine on January 1, 2011 at $12,000, What should be the depreciation expense in the first year (year 2011)
What are the insights of the hotelling model : What are the insights of the Hotelling model (competition on the line)? Explain them
Calculate actual numbers for part : Tariffs never make small countries better off, but there are cases where they can make a large country better off. Draw side-by-side graphs for a good (call it
What is the differential cost between these two options : JP Morgan's job needs one and half hour commuting everyday which costs $700 per month. What is the differential cost between these two options
Major procedural rules governing the civil litigation : 1. What are the major procedural rules governing the civil litigation process?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Should management reduce or eliminate postretirement

Should management reduce or eliminate postretirement or postemployment benefits simply because of the new pronouncement? Discuss.

  By what percent of his total household expense increase

If his rent increases by 20% while the rest of his expenses remain constant, by what percent of his total household expense increase

  What is the income to NC interest

On 3/1/25, Big Co sells the land to a thirds party for $80,000 Little Co reports earnings of $50,000 each year. What is the income to the NC Interest

  Common categories of risk

1. The common categories of risk include 2. The analyst should develop information for which of the following?

  What is the present value of received at the beginning

What is the present value of $4,350 to be received at the beginning of each of 28 periods, discounted at 5% compound interest? (Round factor values)

  What is the carrying value of bonds payable on december

The bonds are properly classified at financial liability at amortized cost. What is the carrying value of bonds payable on December 31, 2016?

  How to read financial statements

Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business.

  How much is the amount remitted by DEF to ABC

Delivery Expense P3,375 and Commission P10,135. How much is the amount remitted by DEF to ABC for the first month? Present solutions in good accounting form

  Identify and discuss some of the issues that are common

Identify and discuss some of the issues that are common to the planning, building, and operation of an ERP, CRM, or PLM enterprise system whether for an SME or a large multinational organization.

  How does this amount compare with dividends declared

What amount did PepsiCo declare in dividends on common stock in the year endedDecember 29, 2007?

  Calculate the current liability of AB Company balance sheet

Instructions - Calculate the current liability of AB Company's balance sheet, assuming P16.000 of the mortgage is payable next year

  Journalize the withdrawal of spade under each

Each of the remaining partners agrees to pay $15,000 in cash from personal funds to purchase Spade's ownership equity. Each receives 50% of Spade's equity.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd